Recognizing the Fastest Growing Aggie-Owned or Managed Companies in the World
HOUSTON (November 17, 2014) – Texas A&M University recognized The Woodlands, Texas-based MP2 Energy as a member of the 2014 Aggie 100. The award honors the fastest-growing companies in the world, determined by the highest annual growth rate, that are owned or operated by Texas A&M University graduates. MP2 Energy ranked 48th with a compound annual growth rate of 46.90 percent from 2011 through 2013. The Aggie 100, a program created by the Center for New Ventures and Entrepreneurship in Texas A&M University’s Mays Business School, honors graduates from across disciplines for their entrepreneurial endeavors and success as business leaders.
MP2 Energy, founded in 2009, has strong roots at Texas A&M with three of its partners all having earned their undergraduate degrees from the university. Founder and CEO Jeff Starcher earned his degree in 1985, and COO Mark Siismets and Senior Vice President Terry Dodson both graduated in the class of 1987. MP2 has experienced significant growth in the last few years primarily because of its business model, unique among energy companies, in which it manages power plants, provides retail energy to commercial clients, and also works with those clients to manage and reduce consumption through demand response and distributed generation to hedge clients’ exposure to volatile retail power prices.
“We are honored to be recognized on the 2014 Aggie 100 list,” said Jeff Starcher, founder, co-owner and CEO of MP2 Energy. “We are thrilled with the growth we’ve experienced these last few years, and also want to ensure we’re helping to raise the next generation of sustainable energy leaders.”
MP2 is committed to forwarding the field of energy and sustainable power supply, which prompted them to sponsor the 2014 Texas A&M Energy Institute Fellows Award to support graduate-level research in the field of power and energy. 2014 Fellow Award Winner Haiyu Zhang will focus his research on the topology and control of power conditioning system (PCS) for renewable energy, in an effort to enhance the utilization of solar energy.
The 100 Aggie-owned or Aggie-led businesses with the highest growth in annual revenue were recognized at a formal luncheon at the Memorial Student Center on the Texas A&M University campus on Friday, October 17, 2014. More than 700 honorees, families, employees, faculty, administrators and well-wishers were in attendance to celebrate the success of these companies. Dr. Ricky W. Griffin, interim dean for Mays Business School, introduced the event’s keynote presenter, George Voneiff, CEO of Unconventional Resources, LLC and the No. 1 honoree from the inaugural 2005 Aggie 100. He addressed the honorees on topics of dedication, leadership and commitment.
“Our Aggie 100 honorees demonstrate that the character and traditions developed at our great university continue to play a significant role in their success across industries and generations,” said Dr. Richard Lester, executive director of the Mays Business School’s Center for New Ventures and Entrepreneurship. “Aggie leaders have proven time and time again that no matter the situation, solid business ideas, strong character, tenacity and hard work pay off.”